Clean Energy Technologies, Inc. (NASDAQ:CETY) Sees Significant Growth in Short Interest

Clean Energy Technologies, Inc. (NASDAQ:CETY) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 131,600 shares, an increase of 7.7% from the June 15th total of 122,200 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 50,700 shares, the short-interest ratio is currently 2.6 days.

Hedge Funds Weigh In On Clean Energy Technologies

An institutional investor recently bought a new position in Clean Energy Technologies stock. Lwmg LLC acquired a new stake in Clean Energy Technologies, Inc. (NASDAQ:CETY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,405,719 shares of the company’s stock, valued at approximately $1,856,000. Clean Energy Technologies accounts for 0.4% of Lwmg LLC’s investment portfolio, making the stock its 26th largest holding. Lwmg LLC owned approximately 3.27% of Clean Energy Technologies as of its most recent SEC filing. 0.49% of the stock is currently owned by institutional investors.

Clean Energy Technologies Stock Performance

CETY traded down $0.01 during trading on Thursday, hitting $1.21. The stock had a trading volume of 822 shares, compared to its average volume of 389,606. Clean Energy Technologies has a twelve month low of $0.45 and a twelve month high of $2.39. The firm has a market capitalization of $51.89 million, a P/E ratio of -8.13 and a beta of 0.37. The company’s 50-day moving average price is $1.30 and its 200 day moving average price is $1.17.

Clean Energy Technologies (NASDAQ:CETY) last issued its quarterly earnings results on Monday, May 20th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $1.51 million for the quarter. Clean Energy Technologies had a negative return on equity of 112.23% and a negative net margin of 43.74%.

Clean Energy Technologies Company Profile

Clean Energy Technologies, Inc designs, produces, and markets clean energy products and integrated solutions that focuses on energy efficiency and renewable energy in the United States. It operates through four segments: Clean Energy HRS and CETY Europe, CETY Renewables Waste to Energy Solutions, engineering and Manufacturing Business, and CETY HK.